The UCP government has given approval for a new oil sands development to be built in northern Alberta..When complete, the Grizzly’s May River project is expected to produce 12,000 barrels of bitumen a day..“This project is in the best interest of Alberta, and is another example of how we are responsibly developing our resources. Moving these projects forward shows that Alberta is open for business, and we are dedicated to encouraging investment in our province,” said energy minister Sonya Savage in a release..Savage said Grizzly can now advance to the next stages of development, including making a final investment decision and applying for other environmental licences and local area development permits..It will be located northwest of Conklin, between Fort McMurray and Lac La Biche..It would extract bitumen using steam-assisted gravity drainage technology, which minimizes a project’s environmental footprint, said Savage..The Alberta Energy Regulator reviewed the project and recommended cabinet approve it..dnaylor@westernstandardonline.com.Twitter: @Nobby7694
The UCP government has given approval for a new oil sands development to be built in northern Alberta..When complete, the Grizzly’s May River project is expected to produce 12,000 barrels of bitumen a day..“This project is in the best interest of Alberta, and is another example of how we are responsibly developing our resources. Moving these projects forward shows that Alberta is open for business, and we are dedicated to encouraging investment in our province,” said energy minister Sonya Savage in a release..Savage said Grizzly can now advance to the next stages of development, including making a final investment decision and applying for other environmental licences and local area development permits..It will be located northwest of Conklin, between Fort McMurray and Lac La Biche..It would extract bitumen using steam-assisted gravity drainage technology, which minimizes a project’s environmental footprint, said Savage..The Alberta Energy Regulator reviewed the project and recommended cabinet approve it..dnaylor@westernstandardonline.com.Twitter: @Nobby7694
